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While the slow disappearance of reverse mortgages from major lenders’ portfolios isn’t a big job-killer, it could spell trouble for the 20-year-old financing option that senior citizens have been able to use to carry them through retirement. Bank of America pulled out of the reverse mortgage business a few weeks ago, and Wells Fargo recently… Continue Reading Wells Fargo pulls out of reverse-mortgage market

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Office vacancies remain high in the newly constructed buildings on the north end of Colorado Springs. Both Hoff & Leigh Commercial Real Estate and Sierra Commercial Real Estate released their second quarter reports this week and while the statistics varied, both documented high vacancy rates in commercial office space in the northern part of the… Continue Reading Glut of office buildings plaguing northern market

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Memorial seeking strength in numbers

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If Memorial Health System becomes an independent nonprofit, its administrators say it will become stronger because it will not be working alone. That’s because the hospital will have the opportunity to affiliate with smaller, rural hospitals in southern Colorado and on the western slope, thereby creating networks that will serve more patients and boost bottom… Continue Reading Memorial seeking strength in numbers

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Consignment stores and resale shops were once well-kept, trendy shopping secrets that were tucked away in obscure retail locations, but poor economic times have them popping up on the affluent north side of town and among downtown boutiques. Continue Reading Second-hand shops mounting a retail invasion

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Exchange board tainted by bias?

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Concerns about bias, undue industry influence and conflicts of interest have been raised by consumer health groups as the state’s newly created health insurance exchange board prepares to hold its first meeting Monday. The board is responsible for creating the health insurance exchanges by 2014, the year they must be implemented. Created by the Affordable… Continue Reading Exchange board tainted by bias?

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Terry and Jennie Henderson, owners of Boulder Street Gallery, refuse to participate in the economic recession. That’s their mantra. Every day they open their shop, which is actually located on Tejon Street, and imagine new ways to defy the lagging economy. And that’s exactly what they’ve done. They’ve expanded the business from a custom framing… Continue Reading Boulder Street Gallery connecting government with art

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Unless you live under a rock, you’re familiar with social media. Everywhere you turn, people are LinkedIn, Facebooked, Twittered and blogged. Virtually anyone involved with modern marketing will tell you it’s a must-do for business. But is it? Clients frequently ask what they should be doing in this area and the answer is almost always… Continue Reading Social media a big help or monumental waste of time?

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Roy Clennan is president and founder of Freedom Financial Services and Mortgage Solutions. He took some time recently to talk with the Business Journal about his business and the mortgage industry. How did you come to establish Freedom Financial Services and Mortgage Solutions? I had been a partner in another mortgage banking firm here in… Continue Reading Clennan’s Freedom Financial a growing success

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A flurry of frozen yogurt businesses have blown into town during the last few months, expanding not only the city’s desert options but its teen job market as well. The city’s burgeoning frozen yogurt industry, eight shops in all, will add about 100 jobs in Colorado Springs before the third quarter of 2011 is over.… Continue Reading Yogurt fad blankets city with shops, teen jobs

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People on the Move – July 8, 2011

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Kumar & Associates has hired Phil Jackson as a staff engineer in its Colorado Springs office. Jackson graduated from Colorado State University in Fort Collins with a bachelor’s degree in civil engineering as well as a bachelor’s degree in Psychology. Kumar & Associates, Inc. is a consulting engineering firm specializing in geotechnical engineering, environmental sciences,… Continue Reading People on the Move – July 8, 2011

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